5b. How long, to the nearest tenth of a year, will it take $8000 to grow to $16,000 at 8% annual interest compounded continuously?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 9E
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Chapter 3 homework show work!!
Section 3.4
take
5b. How long, to the nearest tenth of a year, will it
take $8000 to grow to $16,000 at 8% annual
interest compounded continuously?
nt
A = P(1+
Transcribed Image Text:Section 3.4 take 5b. How long, to the nearest tenth of a year, will it take $8000 to grow to $16,000 at 8% annual interest compounded continuously? nt A = P(1+
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